Wednesday, August 12, 2020

25 foreign companies allowed to invest in Thailand in January

Jan 31. 2020
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By THE NATION

25 foreign companies have been allowed to conduct businesses in Thailand under the Foreign Business Act B.E. 2542 by Commerce Ministry's foreign business committee in January, said Wuttikrai Leeveeraphan, director-general at Business Development Department of the Commerce Ministry on Friday (January 31).

“Most of these companies are based in Japan, Singapore and Germany. They will invest a total of more than Bt900 million in the country and create 260 jobs," he said.

“Allowing more foreign companies to invest in Thailand will help promote knowledge and technology transfers especially in the areas of shipyard construction, anti-vibration technology in automotive industry, operating systems of the logistics industry and telecommunication services,” he added.

The 25 companies being allowed to operate in Thailand are categorised as follows:

14 are engaged in industrial services such as cargo reservation for airfreight operators, trailer truck maintenance, internal audit, information technology and human resources services. These companies from Japan, Germany and Scotland boast a combined investment capital of Bt678 million.

Four companies are involved in the retail and wholesale of sport shoes, motorcycle dampers, and dairy products. Based in Japan, Hong Kong and Indonesia, they have a combined investment capital of Bt35 million.

Two companies from Singapore and Belgium, with a total investment capital of Bt161 million, operate in the segment of private-contract business.

Five other companies are engaged in customer services such as engineering consulting, trust fund management, property investment consulting and internet service without their own network. These investors from Malaysia, Hong Kong and Singapore have a combined investment capital of Bt38 million.

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